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172 S Old Pacific, 
Myrtlecreek, OR 97457

$525,000


Bed


Bath


336

Sq Ft


Multi-Family

Active

Listed by

Najla Slater

Stellar Realty Northwest

541-236-0337

Last updated:

August 13, 2026, 11:48 AM

MLS#

697706513

Source:

PORTLAND

About This Home

172 S Old Pacific

Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! 10% cap rate on rental income alone. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin rented at $800/month and four long-term rental spaces (tenant-owned units) at $400/month each, while additional rental income comes from the 2,404 sq ft tavern/bar. Currently operated as the established Tri City Country Club, this space offers exceptional visibility, dedicated parking, and longstanding local activity, creating a rare opportunity to own and operate a local landmark. Current owner is willing to sign a lease to remain in the commercial space or transition operations to a new owner. Most of the property is zoned C2 with a small R2 portion, offering a wide range of potential uses and income opportunities. Call your agent for additional details. With established residential income, an active commercial component, and flexible zoning that allows for a variety of permitted uses, this property offers an exceptional combination of cash flow potential and future opportunity. See Commercial MLS #714690645 for full commercial details. Owner carry available with a large down payment. Motivated seller!

Home Facts

Multi-Family

Built in 1954

Price Summary

525,000

$1,562 per Sq. Ft.

MLS #:

697706513

Last Updated:

August 13, 2026, 11:48 AM

Added:

a year ago


Rooms & Interior

Interior

Living Area:

336 Sq. Ft.


Structure

Structure

Building Area:

336 Sq. Ft.

Year Built:

1954


Lot

Lot Size (Sq. Ft):

109,771


Finances & Disclosures

Finances

Price:

$525,000

Price per Sq. Ft:

$1,562 per Sq. Ft.

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Farley Company are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 13, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.